Currency Balance Setup

Use this activity to specify if the company should be set up for Currency Balances or not. It is strongly recommended to set up the company for currency balance directly when created, as functions like Currency Revaluation and Group Consolidation are depending on currency balances being available.

Prerequisites

• The company ID, company name, and whether the company is a Template Company or a Master Company for Group Consolidation must have been previously defined.
• The company source, a company template or an existing company, must have been defined.

System Effects

If the radio button Yes is selected, the company will from a currency balance point of view be created as follows:

• Define Code String: The selected code part will get the entered internal name and be connected to the code part function Curr balance. If the code part is defined as not used in the source template/company, it will be defined as used in the company.
• Account / Accounts: All accounts belonging to the selected logical account types will get the Currency Balance checkbox selected. The only exception is accounts defined as acquisition accounts for Fixed Assets, as currency balance is not allowed for such accounts.
• Code Part Values: Code part values equal to the created currency codes will be created for the selected code part.

If the radio button No is selected, the company will from a currency balance point of view be created exactly as defined in the source template/company.

Window

Create Company Assistant

Related Window Descriptions

Create Company Assistant

Procedure

1. Select Yes or No depending on if the company should be set up for currency balances or not.
2. If No, click Next.
3. If Yes, select which code part to base the currency balances on.
4. If necessary, modify the Internal Name to reflect the purpose of the code part.
5. Select relevant checkboxes representing the logical account types for which you want all accounts to be enabled for currency balances.
6. Click Next.